• Goldman Sachs sets a new price target for General Motors Co (NYSE:GM) at $104, indicating a potential increase of 20.4%.
• GM's stock performance strengthens with a 57.8% increase year-over-year, following a robust fourth-quarter earnings report.
• The company announces a 20% dividend increase and a $6 billion share repurchase program, signaling strong future prospects.

General Motors Co (NYSE:GM) is a leading American automotive manufacturer known for its wide range of vehicles, including cars, trucks, and electric vehicles. The company competes with other major automakers like Ford and Toyota. Recently, Goldman Sachs set a new price target for GM at $104, suggesting a potential increase of 20.4% from its current stock price of $86.38.

GM's stock has been performing well, recently reaching $86.66, a 9.1% increase following its fourth-quarter earnings report. The company reported earnings of $2.51 per share, surpassing expectations. However, its revenue of $45.29 billion slightly missed estimates. Despite this, GM's stock has shown a 57.8% increase year-over-year, indicating strong investor confidence.

In addition to its earnings, GM announced a 20% increase in its dividend and authorized a $6 billion share repurchase program. These moves are likely to attract more investors, as they signal the company's commitment to returning value to shareholders. GM also provided strong earnings guidance for 2026, further boosting investor sentiment.

The stock has recently broken above the $80 level, surpassing the short-term resistance of the 20-day moving average. If the current gains persist, GM could achieve its best daily percentage gain since October 2024. Options traders have been actively engaging with GM, reflecting the market's positive outlook on the stock.

GM's market capitalization is approximately $80.58 billion, with a trading volume of 21,417,421 shares on the NYSE. The stock has traded between a low of $82.41 and a high of $87.31 today. Over the past year, GM's stock has reached a high of $87.31 and a low of $41.60, showcasing its significant growth potential.